Zoned for multiple uses - Applicable to all spa types.
High volume location.
Predominantly cash business generating revenues of $15k - $20k monthly.
No debt - Fully owned and funded by the owner.
Low overhead with no inventory to carry.
Affordable current monthly lease of $3539 + tax with supportive Landlord.
Established as a spa since 2012.
Freshly renovated with new floors, showers, accent walls, paint & equipment
Initial supplies to continue operations - Linens/towels, scents, cleaners, etc.
Washer/Dryer
Massage beds
Reception desk and furniture including couches, chairs, tables, fridge and TV
Wall hanging electric fireplaces - total of 6
Full camera security system
Outdoor sign
Existing business name (if desired)
- Asking Price:
- $289,900 (CAD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $100K - $250K (CAD)
- Cash Flow:
- Under $50K (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
36 month lease @ $3539 + tax monthly.
- Leasehold Rent:
-
$42,468 per annum
- Location:
-
Near Hwy 7 & Jane Street in Vaughan, Ont.
- Size in square feet:
- 1,600
Business Operation
- Expansion Potential:
-
Two additional rooms can be added quickly.
- Reasons for selling:
-
Owner relocating residence
- Trading hours:
-
Weekdays 11-10pm
Weekends 11-6pm
- Employees:
- 6
- Years established:
- 2016
Other Information
- Support & training:
-
Current owner willing to stay on as consultant for 90 days.
- Furniture / Fixtures value:
- $25,000 (CAD) - included in the asking price
- Inventory / Stock value:
- $2,500 (CAD) - included in the asking price
- Relocatable:
- This business can be relocated.
